Annual government expenditure by function (COFOG) — Gross fixed in Portugal

Portugal: Annual government expenditure by function (COFOG) — Gross fixed was 7,881 National currency in 2024. ▼ Falling

Latest (2024)
7,881 National currency
Change on year
up 13.6%
World rank
24th
of 27 countries
All-time high
9,479 National currency
in 2010
All-time low
2,890 National currency
in 2016
Years of data
30
1995–2024

Annual government expenditure by function (COFOG) — Gross fixed in Portugal, 1995–2024

2.0k4.0k6.0k8.0k10.0k1995200920241995: 3.9k National currency1996: 4.6k National currency1997: 5.7k National currency1998: 5.7k National currency1999: 5.9k National currency2000: 5.9k National currency2001: 6.8k National currency2002: 6.6k National currency2003: 6.4k National currency2004: 6.8k National currency2005: 6.5k National currency2006: 5.6k National currency2007: 5.6k National currency2008: 6.7k National currency2009: 7.2k National currency2010: 9.5k National currency2011: 6.1k National currency2012: 4.2k National currency2013: 3.7k National currency2014: 3.4k National currency2015: 4.0k National currency2016: 2.9k National currency2017: 3.5k National currency2018: 3.8k National currency2019: 4.0k National currency2020: 4.6k National currency2021: 5.6k National currency2022: 5.8k National currency2023: 6.9k National currency2024: 7.9k National currency

Source: Organisation for Economic Co-operation and Development. Measured in National currency.

Analysis

In 2024, annual government expenditure by function (cofog) — gross fixed in Portugal stood at 7,881 National currency.

Compared with earlier readings it is up 13.6% on the previous year and up 128.5% over ten years.

Over the whole period, annual government expenditure by function (cofog) — gross fixed in Portugal peaked at 9,479 National currency in 2010 and was at its lowest, 2,890 National currency, in 2016.

That places Portugal 24th out of 27 countries with data for 2024, putting it in the bottom quarter.

The long-run direction has been consistently falling across the 30 years of available data.

Annual government expenditure by function (COFOG) — Gross fixed in Portugal, year by year

Annual values for Annual government expenditure by function (COFOG) — Gross fixed capital formation in Portugal, 1995 to 2024.
Year National currency Change
1995 3,925 National currency
1996 4,594 National currency +17.0%
1997 5,700 National currency +24.1%
1998 5,681 National currency -0.3%
1999 5,904 National currency +3.9%
2000 5,917 National currency +0.2%
2001 6,834 National currency +15.5%
2002 6,569 National currency -3.9%
2003 6,393 National currency -2.7%
2004 6,755 National currency +5.7%
2005 6,468 National currency -4.2%
2006 5,580 National currency -13.7%
2007 5,645 National currency +1.2%
2008 6,651 National currency +17.8%
2009 7,205 National currency +8.3%
2010 9,479 National currency +31.5%
2011 6,140 National currency -35.2%
2012 4,159 National currency -32.3%
2013 3,721 National currency -10.5%
2014 3,449 National currency -7.3%
2015 4,043 National currency +17.2%
2016 2,890 National currency -28.5%
2017 3,497 National currency +21.0%
2018 3,797 National currency +8.6%
2019 3,962 National currency +4.3%
2020 4,645 National currency +17.2%
2021 5,589 National currency +20.3%
2022 5,807 National currency +3.9%
2023 6,940 National currency +19.5%
2024 7,881 National currency +13.6%

Averages by decade

DecadeAverage LowestHighest Years
1990s 5,161 National currency 3,925 National currency 5,904 National currency 5
2000s 6,402 National currency 5,580 National currency 7,205 National currency 10
2010s 4,514 National currency 2,890 National currency 9,479 National currency 10
2020s 6,172 National currency 4,645 National currency 7,881 National currency 5

Countries ranked near Portugal

  1. 21 Ireland 14,613 National currency compare
  2. 22 Finland 12,246 National currency compare
  3. 23 Greece 8,612 National currency compare
  4. 25 Luxembourg 4,512 National currency compare
  5. 26 Bulgaria 3,311 National currency compare
  6. 27 Costa Rica 0 National currency

See the full ranking of 38 places →

More public sector data for Portugal

All data for Portugal →

Frequently asked questions

What is annual government expenditure by function (cofog) — gross fixed in Portugal?
Annual government expenditure by function (cofog) — gross fixed in Portugal was 7,881 National currency in 2024, according to Organisation for Economic Co-operation and Development.
What is the highest annual government expenditure by function (cofog) — gross fixed recorded in Portugal?
The highest recorded value was 9,479 National currency in 2010.
What is the lowest annual government expenditure by function (cofog) — gross fixed recorded in Portugal?
The lowest recorded value was 2,890 National currency in 2016.
How does Portugal rank for annual government expenditure by function (cofog) — gross fixed?
Portugal ranks 24th out of 27 countries with data for 2024.
Is annual government expenditure by function (cofog) — gross fixed rising or falling in Portugal?
Over the last ten years it is up 128.5%. The long-run trend across the full record is falling.
Where does this Portugal data come from?
The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Gross fixed capital formation. Statizoid updates them automatically from the source API.

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Annual government expenditure by function (COFOG) — Gross fixed in Portugal. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 25 August 2026, from https://public-sector.statizoid.com/stat/annual-government-expenditure-by-function-cofog-gross-fixed-capital-formation/portugal/

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About this data

Indicator
Annual government expenditure by function (COFOG) — Gross fixed capital formation
Unit
National currency
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
38 places, 1,116 data points, 1970–2025
Last refreshed

This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org